PROTECTED SOURCE SCRIPT
ORB NY Sesión (Visual R:R) - Final

This script is a Visual Indicator (Not a Backtesting Tool) designed to identify and plot the New York Open Range Breakout (NY ORB) and project clear risk/reward (R:R) levels immediately following a high-probability breakout event.
🔑 Core Functionality
Strict Session Filtering: The indicator logic and signals are only activated during standard trading days (Monday to Friday), ignoring weekends completely.
Opening Range Identification: It calculates the high and low price within the user-defined session time (default: 09:30 - 10:00 NY). This range is visually marked by black circular dots.
Signal Detection: A buy signal (BUY, Blue color) or sell signal (SELL, Red color) is generated on the first bar that crosses and closes beyond the range high (orbHigh) or range low (orbLow).
📐 Visual Risk Management
Once a signal is detected, the indicator projects the risk/reward levels using short lines that extend from the entry point to the current bar, clearly visualizing the trade plan:
Entry Line (Gray): Drawn at the closing price of the breakout bar.
Stop Loss (SL - Red): Fixed at the opposite boundary of the Opening Range (ORB Low for long trades, ORB High for short trades), which defines the risk (1R).
Take Profit (TP - Blue): Dynamically calculated based on the user-configured Risk/Reward Ratio (R:R) (default is 2.0).
Labels: Displays the exact Entry, SL, and TP prices.
📊 Aesthetics and Clarity
Clean Visuals: Level lines do not extend indefinitely (extend.none), ensuring a clutter-free chart.
Floating Title: A small table in the top-left corner displays the indicator title, active session time, and the configured R:R for quick reference.
This indicator is built for traders to practice breakout strategies with immediate visual confirmation of the calculated risk management plan.
🔑 Core Functionality
Strict Session Filtering: The indicator logic and signals are only activated during standard trading days (Monday to Friday), ignoring weekends completely.
Opening Range Identification: It calculates the high and low price within the user-defined session time (default: 09:30 - 10:00 NY). This range is visually marked by black circular dots.
Signal Detection: A buy signal (BUY, Blue color) or sell signal (SELL, Red color) is generated on the first bar that crosses and closes beyond the range high (orbHigh) or range low (orbLow).
📐 Visual Risk Management
Once a signal is detected, the indicator projects the risk/reward levels using short lines that extend from the entry point to the current bar, clearly visualizing the trade plan:
Entry Line (Gray): Drawn at the closing price of the breakout bar.
Stop Loss (SL - Red): Fixed at the opposite boundary of the Opening Range (ORB Low for long trades, ORB High for short trades), which defines the risk (1R).
Take Profit (TP - Blue): Dynamically calculated based on the user-configured Risk/Reward Ratio (R:R) (default is 2.0).
Labels: Displays the exact Entry, SL, and TP prices.
📊 Aesthetics and Clarity
Clean Visuals: Level lines do not extend indefinitely (extend.none), ensuring a clutter-free chart.
Floating Title: A small table in the top-left corner displays the indicator title, active session time, and the configured R:R for quick reference.
This indicator is built for traders to practice breakout strategies with immediate visual confirmation of the calculated risk management plan.
Скрипт с защищённым кодом
Этот скрипт опубликован с закрытым исходным кодом. Однако вы можете использовать его свободно и без каких-либо ограничений — читайте подробнее здесь.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Скрипт с защищённым кодом
Этот скрипт опубликован с закрытым исходным кодом. Однако вы можете использовать его свободно и без каких-либо ограничений — читайте подробнее здесь.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.